Theta Gold Mines opens share purchase plan and options offers

Theta Gold Mines Limited announced the opening of its share purchase plan (SPP offer) and a free attaching options offer, both closing on November 17, 2025. Eligible shareholders can subscribe for up to A$30,000 in SPP shares at A$0.21 per share, aligning with the price offered to sophisticated investors in a recent A$12 million private placement. The company aims to raise up to A$2 million from the SPP.

Subject to shareholder approval, participants in both the SPP offer and the placement will receive one free attaching option for every 2.38 shares subscribed, exercisable at A$0.32 with an 18-month expiry. No funds will be raised from the options offer, other than from their subsequent exercise. The capital raised will primarily fund construction and infrastructure works, plant equipment, and strengthen the company's balance sheet.

This capital raising follows a total funding package that includes a A$12 million placement, a A$2 million SPP, attaching options, a A$32.1 million cornerstone investment across three tranches, and director participation. Additionally, lenders of 2023 convertible loans have agreed to convert outstanding principal and interest into 44,029,563 shares, plus 10,000,000 unlisted options.